Trisura Group Ltd. Forecasted to Earn Q1 2024 Earnings of $0.68 Per Share (TSE:TSU)

Trisura Group Ltd. (TSE:TSU) – Investment analysts at Cormark issued their Q1 2024 EPS estimates for shares of Trisura Group in a report issued on Thursday, April 18th. Cormark analyst J. Fenwick anticipates that the company will earn $0.68 per share for the quarter. Cormark currently has a “Buy” rating and a $52.00 target price on the stock. The consensus estimate for Trisura Group’s current full-year earnings is $2.72 per share. Cormark also issued estimates for Trisura Group’s FY2024 earnings at $2.87 EPS and FY2025 earnings at $3.39 EPS.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.05. The business had revenue of C$754.95 million for the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%.

Several other brokerages have also weighed in on TSU. Raymond James increased their price objective on shares of Trisura Group from C$54.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. National Bankshares increased their target price on shares of Trisura Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. CIBC increased their target price on shares of Trisura Group from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Scotiabank increased their target price on shares of Trisura Group from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada increased their target price on shares of Trisura Group from C$40.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trisura Group currently has an average rating of “Buy” and a consensus price target of C$55.63.

Trisura Group Trading Up 1.2 %

Shares of TSU stock opened at C$42.03 on Monday. The firm has a market cap of C$1.99 billion, a P/E ratio of 280.20 and a beta of 0.82. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$44.83. The company has a debt-to-equity ratio of 13.67, a current ratio of 2.46 and a quick ratio of 0.22. The firm’s 50-day simple moving average is C$42.23 and its 200-day simple moving average is C$36.50.

Insider Transactions at Trisura Group

In other news, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. In other news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. Over the last quarter, insiders sold 94,825 shares of company stock valued at $4,100,283. 1.62% of the stock is currently owned by corporate insiders.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.